DAILY: Flag Breakout
INTRADAY: Day Long Consolidation
Went long intraday on the day long consolidation play. Did not sold into the pop to the HOD which I should but did not, and then exited a bit too late. Could have exited on the break of the 20EMA a bit earlier and minimize the loss.
I guess it was out of juice and way overextended for another run?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-24 12:11:32 | LEAF | buy | $28.650 | long |
2014-02-24 12:11:32 | LEAF | buy | $28.650 | long |
2014-02-24 12:11:32 | LEAF | buy | $28.650 | long |
2014-02-24 12:11:32 | LEAF | buy | $28.635 | long |
2014-02-24 12:54:38 | LEAF | sell | $28.380 | long |
2014-02-24 12:54:38 | LEAF | sell | $28.370 | long |
2014-02-24 12:54:45 | LEAF | sell | $28.350 | long |
2014-02-24 12:54:45 | LEAF | sell | $28.350 | 0 |
Also second day run.
Yup, scalp to the HOD was my target but I guess it was just way over extended and on second day run.
Thanks guys for the feedback!
Well said Nape and Sayed, instead I should have watched this one for the EOD fade.
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Easy money was over. Stock already made $3 move. Any other move in it was only for quick scalp trades.